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NatWest offers Mastercard Business Savings to debit cardholders

By Gloria Methri

May 29, 2024

  • Business Debit Card
  • Business Savings
  • Cashback Rewards
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NatWest Group, Mastercard, Mastercard Business Savings, Small Business Credit Cards, Business Debit Cards, UK, FinTech, NatWest, Payments, EuropeNatWest has extended access to Business Savings from Mastercard to its business debit card customers. Business Savings is a merchant discount programme provided by Mastercard which gives SMB customers access to merchant offers when paying with an eligible credit card.

It is already available to NatWest and RBS business credit cardholders, and from this month, it will also be available to business debit card users.

The programme is simple and easy for cardholders to use – there’s no cost for cardholders, no card registration required or coupons/discount codes to enter at the point of sale to receive a merchant cashback. Cashback appears as a credit on the card/bank statement within 3-5 days. Automatic cashback will show on monthly and online statements.

There’s a broad selection of over 1,000 merchant offers available, including LUX rewards (a range of merchant offers across hospitality, hotels, business tools, entertainment and more), McAfee, Heathrow Express, Dropbox, Avis and Microsoft Advertising. Additional offers will be added as new merchants are enrolled in the programme by Mastercard.

All cardholders with an eligible business debit card product are automatically enrolled in the programme. The commercial card products with access to Business Savings from Mastercard are NatWest and RBS Business Credit Cards, Business Plus Credit Cards, Business Charge Cards and Business Debit Cards for NatWest, RBS and Ulster Bank business customers.

Andrew Harrison, MD Customer Goals & Journeys, NatWest, said, “Cost savings are front of mind for all businesses but especially smaller businesses, which is why we are offering this simple solution to help reduce elements of those costs. We are delighted to be able to offer a feature that is common among personal card users to businesses. Across NatWest, RBS and Ulster Bank we have around a million business debit cardholders in the UK who will now be able to save as they spend through Business Savings from Mastercard.”

Simon Forbes, Senior Vice President at Mastercard, said, Small businesses drive the UK economy forward. That’s why we’re proud to support NatWest in bringing this savings programme to a million cardholders without additional cost or hassle. By providing cashback on offers and services that are directly focused on small businesses, our Business Savings programme provides entrepreneurs and aspirational business owners with the tools they need to thrive.”

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